David Cameron seeks approval for China investment job

David Cameron wants to take up a role with an investment fund that Lord Chadlington, a Conservative peer and a longstanding friend, helped to set upIAN NICHOLSON/Press Association

David Cameron has formally asked permission to take a job with a planned £500 million investment fund.

The Times revealed yesterday that the former prime minister had discussed a “UK-China fund” with Ma Kai, a Chinese vice-premier who heads Beijing’s finance ministry, during a trip to the country in September. The fund is being set up by figures including Lord Chadlington, a Conservative peer and a longstanding friend and financial backer of Mr Cameron.

A spokesman for the former Conservative leader has now confirmed that he has sought clearance to take a role in the fund from the Advisory Committee on Business Appointments (Acoba), which vets jobs taken by former ministers.

“David Cameron is proud of the work he did as prime minister to boost…

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